Baker Hughes Incorporated (BHI) : 20 investment research analysts covering Baker Hughes Incorporated (BHI) have an average price target of $50.35 for the near short term. The highest target price given by the Brokerage Firm to the stock is $63 and the lowest target is $38 for the short term. Analysts expect the variance to be within $7.71 of the average price.
Baker Hughes Incorporated (BHI) encountered a rise of 23.6% or 1,040,483 shares in the short positions. The number escalated from 4,401,354 on June 15,2016 to 5,441,837 on June 30,2016. The final interest is 1.2% of the floated stock. The days to cover figure of 2 can be arrived using the average daily exchange of 3,546,479 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Citigroup maintains its rating on Baker Hughes Incorporated (NYSE:BHI). The global brokerage major raises the current price target from $53 per share to $54 per share. Analysts at the Citigroup have a current rating of Buy on the shares. The rating by the firm was issued on May 19, 2016.
Baker Hughes Incorporated (NYSE:BHI): stock turned positive on Thursday. Though the stock opened at $45.82, the bulls momentum made the stock top out at $46.505 level for the day. The stock recorded a low of $45.59 and closed the trading day at $46.18, in the green by 2.03%. The total traded volume for the day was 2,290,455. The stock had closed at $45.26 in the previous days trading.
Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals, and process and pipeline services. It conducts its operations through subsidiaries, affiliates, ventures and alliances. The Company has four geographical operating segments: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business. The Companys Integrated Operations is focused on the execution of projects that have attributes, such as project management, well site supervision, well construction, intervention, third-party contractor management, procurement and rig management.